Measuring skill in the mutual fund industry

By Jonathan B. Berk, Jules H. van Binsbergen. 2015

656 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/150d5249ebbca1f0e384f535871043e1566c8aec

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Lasse Heje Pedersen
2. Nicolae Gârleanu
3. Hyun Song Shin

In Finance

1. Lasse Heje Pedersen
2. Nicolae Gârleanu
3. Zhiguo He
4. Arvind Krishnamurthy
5. Darrell Duffie
6. Angelo Ranaldo
7. Alp Simsek
8. Markus K. Brunnermeier

Citations in the corpus

• Efficiently Inefficient Markets for Assets and Asset Management (2017, background): “” In our model, this outperformance after fees is expected as compensation for investors’ search costs, but it is puzzling in light of the prediction of Fama (1970) that all managers underperform after fees, and the prediction of Berk and Green (2004) that all managers deliver zero outperformance af”